Teradyne, Inc. (NASDAQ:TER) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its stake in Teradyne, Inc. (NASDAQ:TER - Free Report) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,028 shares of the company's stock after selling 8,395 shares during the period. Principal Financial Group Inc. owned 0.14% of Teradyne worth $18,670,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TER. Vanguard Group Inc. increased its position in Teradyne by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 20,405,899 shares of the company's stock worth $2,569,511,000 after purchasing an additional 92,428 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Teradyne by 28.3% during the 4th quarter. Ameriprise Financial Inc. now owns 4,828,689 shares of the company's stock worth $608,025,000 after purchasing an additional 1,065,474 shares during the period. Geode Capital Management LLC grew its stake in shares of Teradyne by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,105,505 shares of the company's stock worth $515,665,000 after purchasing an additional 94,374 shares during the period. Aspex Management HK Ltd grew its stake in shares of Teradyne by 35.5% during the 4th quarter. Aspex Management HK Ltd now owns 3,234,842 shares of the company's stock worth $407,331,000 after purchasing an additional 847,409 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Teradyne by 4.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,957,049 shares of the company's stock worth $244,252,000 after purchasing an additional 131,152 shares during the period. Institutional investors and hedge funds own 99.77% of the company's stock.

Teradyne Stock Performance

NASDAQ TER traded down $1.57 during mid-day trading on Friday, reaching $97.05. 3,744,243 shares of the stock were exchanged, compared to its average volume of 2,768,610. Teradyne, Inc. has a 1-year low of $65.77 and a 1-year high of $163.21. The business's fifty day simple moving average is $84.55 and its 200 day simple moving average is $97.10. The stock has a market capitalization of $15.57 billion, a PE ratio of 27.42, a PEG ratio of 4.05 and a beta of 1.70.

Teradyne (NASDAQ:TER - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.14. Teradyne had a net margin of 19.86% and a return on equity of 20.06%. The firm had revenue of $685.70 million for the quarter, compared to analyst estimates of $680.54 million. During the same quarter last year, the business earned $0.51 earnings per share. Teradyne's revenue was up 14.3% compared to the same quarter last year. On average, analysts anticipate that Teradyne, Inc. will post 3.88 EPS for the current year.

Teradyne Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend was Thursday, May 22nd. Teradyne's dividend payout ratio is currently 13.56%.

Teradyne declared that its board has authorized a stock buyback plan on Monday, April 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 8.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

TER has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on shares of Teradyne in a research note on Thursday. They set a "sell" rating and a $80.00 price target on the stock. Morgan Stanley upped their price target on Teradyne from $68.00 to $74.00 and gave the stock an "underweight" rating in a report on Wednesday. KeyCorp restated a "sector weight" rating on shares of Teradyne in a report on Thursday, April 17th. Susquehanna lowered their price target on Teradyne from $155.00 to $133.00 and set a "positive" rating on the stock in a report on Wednesday, April 30th. Finally, Robert W. Baird lowered their price objective on shares of Teradyne from $140.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $112.50.

About Teradyne

Teradyne, Inc designs, develops, manufactures, and sells automated test systems and robotics products worldwide. It operates through four segments; Semiconductor Test, System Test, Robotics, and Wireless Test. The Semiconductor Test segment offers products and services for wafer level and device package testing of semiconductor devices in automotive, industrial, communications, consumer, smartphones, cloud, computer and electronic game, and other applications.